Care, Custody and Control

12 - Care, Custody and Control

A company is responsible for third party property on their premises, or in their care/control. If the property is lost, stolen, damaged, affected by fire or smoke etc., the owner can claim under the insured's General Liability policy for the value of repair or replacement if the policy has a CC&C Extension. Stock, equipment, tooling or even buildings can be CC&C exposures. CC&C does not cover a Bailee to whom goods are legally entrusted for a specific purpose, eg an auction house (Bailee’s Liability is a separate policy).